Minimum Wage: We Can’t Pay More Than N25,000 – FG

The federal government’s stance that it cannot afford more than N25,000 per month as minimum wage has reportedly stalled the negotiations by the tripartite committee on a new national minimum wage.

Vanguard has reported that the organised labour and Organised Private Sector (OPS) have faulted the figured by the federal government and are insisting on N30,000 minimum wage per month.

The newspaper stated that the federal government had earlier presented N21, 700 per month as new minimum wage to the other social partners when the tripartite committee resumed sitting on Thursday, October 4.

But displeased by the federal government’s figure amidst the high cost of living in the country, the organised labour and OPS reportedly reached an accord, increasing their earlier figure of N25,000 to N40,000.

Meanwhile, Ayuba Wabba, Nigerian Labour Congress (NLC) president, on Monday, October 8, said the federal government will soon announce the new minimum wage as the tripartite committee completes its assignment for onward submission to President Muhammadu Buhari.

According to him, the committee reconvened and deliberated on a new minimum wage figure that was acceptable to all employers of labour in the country.

Wabba said the presidency would make it public after deliberation by the National Economic Council (NEC) meeting.

In a related report, the federal government says it will soon address the agitation for the upward review of the national minimum wage in a manner that will make workers and all Nigerians smile.

 

Vanguard ng